Ahmed Abdel Halim, petroleum expert in maritime borders, told Egypt Oil & Gas that the ministry of defense had sent a map to the petroleum ministry illustrating all concessions owned by Egypt in the Mediterranean deep-waters, and identifying the  marine borders between Egypt and Israel and Cyprus, Turkey and Greece, clearly marking each country’s economic zone.

The map will be sent to foreign oil companies operating in Egypt, he revealed, in preparation for the new Mediterranean concession areas that will be offered in the coming period.

Abdel Halim explained that Egypt had agreed with Cyprus and Greece on the re-demarcation of the maritime borders, defining each country’s economic zone; this, however, is pending on Turkey’s recognition of Cyprus’ right to its fair share of gas from the Mediterranean.

He added that the coming period will witness the launch of numerous international bid rounds for concessions in ​​the Mediterranean for oil and natural gas exploration.